Electronic Arts Inc. (NASDAQ:EA) Position Increased by ProShare Advisors LLC

ProShare Advisors LLC increased its position in shares of Electronic Arts Inc. (NASDAQ:EA) by 17.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 335,092 shares of the game software company’s stock after buying an additional 50,538 shares during the quarter. ProShare Advisors LLC’s holdings in Electronic Arts were worth $49,024,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Intrust Bank NA raised its holdings in Electronic Arts by 3.3% during the fourth quarter. Intrust Bank NA now owns 2,475 shares of the game software company’s stock valued at $362,000 after buying an additional 78 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Electronic Arts by 11.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 812 shares of the game software company’s stock valued at $119,000 after buying an additional 81 shares in the last quarter. Ballentine Partners LLC raised its holdings in Electronic Arts by 2.2% during the fourth quarter. Ballentine Partners LLC now owns 3,761 shares of the game software company’s stock valued at $550,000 after buying an additional 82 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in Electronic Arts by 1.7% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,837 shares of the game software company’s stock valued at $708,000 after buying an additional 83 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in shares of Electronic Arts by 5.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 1,701 shares of the game software company’s stock valued at $249,000 after purchasing an additional 90 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Electronic Arts

In other news, insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the transaction, the insider now owns 26,216 shares in the company, valued at approximately $3,801,320. The trade was a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew Wilson sold 5,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $130.14, for a total transaction of $650,700.00. Following the completion of the transaction, the chief executive officer now owns 37,615 shares of the company’s stock, valued at $4,895,216.10. This trade represents a 11.73% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,500 shares of company stock valued at $3,342,580. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Stock Up 1.6%

NASDAQ EA opened at $149.57 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average is $144.23 and its two-hundred day moving average is $145.01. The company has a market capitalization of $38.98 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 3.58 and a beta of 0.74. Electronic Arts Inc. has a 1-year low of $115.21 and a 1-year high of $168.50.

Electronic Arts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, May 28th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, May 28th. Electronic Arts’s payout ratio is 17.92%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EA. Morgan Stanley raised their price target on Electronic Arts from $135.00 to $148.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 7th. TD Cowen raised their price target on Electronic Arts from $160.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. The Goldman Sachs Group raised their price target on Electronic Arts from $135.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, May 8th. Roth Mkm lowered their price target on Electronic Arts from $158.00 to $134.00 and set a “neutral” rating on the stock in a research report on Thursday, January 23rd. Finally, Ascendiant Capital Markets raised their price target on Electronic Arts from $157.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Fifteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $161.83.

Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.